Red States Urge Fifth Circuit to Rethink Board Diversity Support

The Fifth Circuit should reconsider its decision upholding Nasdaq rules aimed at increasing representation of women and minorities on corporate boards, 19 Republican state attorneys general led by Utah’s Sean Reyes said in a court filing.

The full US Court of Appeals for the Fifth Circuit should reexamine the October ruling by a three-judge panel and correct “manifest errors,” the attorneys general said in an amicus brief Tuesday. Ken Paxton of Texas, Ashley Moody of Florida and Patrick Morrisey of West Virginia were among the attorneys general who submitted the brief in support of the National Center for Public Policy ...